Ritz-Carlton Residences North Bay Village Proposed bayfront residences on Harbor Island
Proposed bayfront residences on Harbor Island
Building overview
The Ritz-Carlton Residences North Bay Village is planned for the northern end of Harbor Island, at 7946 and 8000 East Drive on Biscayne Bay. Related Group and Macklowe Properties are associated with the project, with Arquitectonica named as architect.
Plans reported from the 2026 shoreline submission call for two 43-story towers and 364 residences. Sales timing, pricing and delivery details are still to come.
Ritz-Carlton Residences North Bay Village at a Glance
7946 and 8000 East Drive, North Bay Village, FL 33141
Related Group and Macklowe Properties
Arquitectonica
364
43
Condominium
North Bay Village
What buyers should check
Public plans describe the proposed development. A formal sales launch, current pricing, residence-specific floor plans, service terms and a delivery date have yet to be verified.
About Ritz-Carlton Residences North Bay Village
The plans for East Drive
The development proposal submitted to North Bay Village identifies the two East Drive addresses and calls for 364 one- to four-bedroom residences. A report on the shoreline filing details the twin towers.
Compare Miami branded residences or explore the North Bay Village market.
Frequently Asked Questions
Where is Ritz-Carlton Residences North Bay Village planned?
At 7946 and 8000 East Drive on Harbor Island in North Bay Village.
What does the current plan include?
The shoreline submission calls for two 43-story towers and 364 residences. The plans may evolve.
Are pricing and a delivery date available?
A public price list and delivery timetable have yet to be verified.
Private Availability at Ritz-Carlton Residences North Bay Village
For current availability, pricing history, floor plans, and off-market opportunities at Ritz-Carlton Residences North Bay Village, request a confidential review with our advisory team.
7946 and 8000 East Drive, North Bay Village, FL 33141
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Miami Real Estate Market Intelligence
Market Context: The Miami-to-Northeast and Miami-to-California migration has converted from pandemic-era spike to structural relocation. Miami's millionaire population grew 94% between 2014 and 2024, according to Henley & Partners' USA Wealth Report 2025. Geographic constraint is binding: ocean, bay, and Everglades pin supply. Luxury condominium pricing is set building by building and differs sharply between submarkets, with Fisher Island and South of Fifth at the top of the market. Ask us for current closed sales in the specific building you are considering.
Value submarkets: Brickell, Edgewater, and Downtown Miami. Trophy submarkets: Fisher Island, Sunny Isles Beach (dense branded-residence inventory), and South of Fifth. Branded benchmarks include Four Seasons Surf Club, St. Regis Sunny Isles, and Porsche Design Tower. Price per square foot differs by building, floor, and view, so we pull current closed sales for each address you shortlist. According to Knight Frank's Residence Report 2026, Miami is the world's second-largest market for branded residences.
Structural inputs compound: no state income tax, no state estate tax, 94% decade millionaire growth (Henley & Partners, 2014-2024), and construction-cost inflation. Developers set and revise prices by release, so ask for the dated price schedule. Florida SB 264 limits some purchases by buyers domiciled in seven named countries and must be screened at contract stage for international buyers.
Key Facts
- Condo Median Price: Published Monthly by Miami Realtors
- Miami Beach and Brickell Medians: Vary by Building and Size
- Luxury Condo $/SF: Building-Specific
- Fisher Island $/SF: Building-Specific
- Days on Market: Varies by Building and Price Tier
- Closing Costs: Itemized by Closing Agent
- Property Tax: Assessed by County, Millage Varies
- Millionaire Population Growth: +94% (2014-2024)
- State Income Tax: None in Florida
What Buyers Should Know
Miami's millionaire population grew 94% between 2014 and 2024, according to Henley & Partners' USA Wealth Report 2025, with no state income tax and hard geographic constraints (ocean, bay, Everglades) capping supply. Luxury condominium price per square foot varies by building, with Fisher Island and South of Fifth at the top of the market. According to Knight Frank's Residence Report 2026, Miami is the world's second-largest market for branded residences.
Miami Real Estate FAQs
What are Miami's current condominium medians?
Luxury condominium pricing in Miami is set building by building. Fisher Island and South of Fifth sit at the top of the market, and Miami Beach and Brickell carry the deepest resale inventory. Ask us for current closed sales at the address you are considering.
Why is Miami attracting UHNW capital structurally?
Zero state income tax (unlike New York and California), no state estate tax, a 94% decade growth in the millionaire population (2014-2024, Henley & Partners), and geographic constraints that cap long-run supply. These are structural inputs, not cyclical.
What does the construction-cost tariff environment mean for current inventory?
Each developer sets and revises prices by release, and construction costs, including imported materials, are one input among several. Ask for the dated price schedule and read the purchase agreement for price-escalation and deposit terms.
What is Florida SB 264 and how does it affect international buyers?
Florida SB 264 restricts people domiciled in China, Russia, Iran, North Korea, Cuba, Venezuela or Syria who are not U.S. citizens or lawful permanent residents from acquiring Florida real property within 10 miles of a military installation or critical infrastructure facility. It bars China-domiciled non-citizens more broadly, with limited exceptions. Buyers are asked to sign a compliance affidavit, and we screen for it at contract stage.
What are typical monthly carrying costs on a Miami condominium?
Recurring ownership costs are building-specific: association fees, property tax, HO-6 insurance, and flood insurance each depend on the building and the unit. Request the building's current operating budget, reserve study, and insurance summary before you make an offer, and we will help you read them.
What are the post-Surfside inspection requirements?
Under Florida Statute 553.899, condominium and cooperative buildings of three or more habitable stories need a milestone structural inspection at 30 years, or at 25 years where the local enforcement agency requires it, then every 10 years. Associations must also complete structural integrity reserve studies, and since 2025 (HB 913) they cannot waive funding for the structural items on those studies. Older buildings carry special-assessment risk; inspection and reserve-study review is required at due-diligence.